In all of this, I think the bone of contention is one should be careful of where to download the wallet as even the vulnerability scare makes amateurs hackers carry out their activities because they know everyone who has an Electrum wallet will be in a haste to upgrade and not even bother to verify the site in which the download is to be made. Some other people because of the pressure and the amount involved just typed in Google in other to upgrade ASAP only to discover that it was at the point of trying to become more secure that they become way more vulnerable. The onus is on us to exercise much more patience even in the face of unending pressure.

After reading through I can only say this that no software is just perfect no matter how long they have stayed in the industry. When the vulnerability was discovered, in this January (though I agree that they should have been more proactive) it was advised that there should be an immediate upgrade of the version we are currently using but if our wallets are password protected, we should be less worried but not to open the wallet without upgrading and I think that is where your exposure comes because you never mentioned you upgraded before opening after the said date. Its really something that one should not have to witness.

At this time, the achieving of this objective of integrating blockchain with accounting process might look glooming but its possible in the nearest future. I have read reports of EY doing more on blockchain researches, and I have read all of those other three firms made mention of blockchain one way or the other. But at the moment, discussion is not geared towards applying into accounting function rather into their consulting unit on advising companies whose primary purpose is transparency. When the process is faultless the accounting process becomes so simple.

Area of deployment at hand is into organisations into shipping, airlines, large warehouse management etc. But in the future when this is fully deployed into the accounting aspect of their activities, real time balance sheet will be the least of what will happen eventually.

Several things might not be possible in crypto but starting from zero cash and be able to make a living is one of the likely possible things because the opportunities just abound. All you need to do is to find a perfect way to feature depending on your skills and the time available. In the good old days when faucet still pays well, I have seen people gather quite a decent amount and from there, venture into trading which has turn into massive steam of income.

Aside that, people who joined the forum by virtue of their access to internet, only got to be law abiding some have gotten a graphics job, escrow services,  programming job and even bounties opportunities which from there the required capital is gotten before moving to more stable source of income.

Here we go again even when the price has not even recovered to the point it reached in December not even the one of last week before the crash of yesterday we are talking about $40,000 and a lot of thread came yesterday if this is the end of bitcoin, whether bitcoin price will crash to $4000,  bitcoin is now dead among other ridiculous threads.

Discussions needs to start going points like this where people just react as if they are new into bitcoin as the volatility is a normal thing that would happen. It crashed, it would rise, it rise, it will still crash an emblem that we should carry as we face every new day.

AI is already being used all over trading activities, imagine the FOREX market alone which does not sleep or take a rest all over the globe and its gradually being introduced into crypto currency. Today we have series of bots that can be used on several exchange platforms to trade, bots are being used to reply mails, respond to questions and the likes irrespective on how we want to look at it, there is an element of Artificial Intelligence involved which in the future, will change the way things are done.

While the advantages of this cannot be overemphasized, we should not also not be unmindful of the human element and the empathy that would be involved. Ordinarily, as an individual, there will be some risks that I wont take but a bot just need a command to either buy or sell and irrespective of the current situation that might necessitate contrary decision, they will need to be commanded all over again.

I wont rejoice too soon that the dip is over because the same show of event happen sometimes last week or thereabout when the price rose from the $13000 region to go about $15,000 at that point everyone would think the coast is clear and static scenario has been broken finally but few days after that, we faced a massive dip in which no one could have imagined its going to happen.

Rather I would say we are gradually moving to the green position and this point is even a more fragile position because at this point if we face any crash in price, it will go below what it went yesterday which would even be more drastic. What is needed is a gradual increase in price to a point where we can conveniently say the dip is over.

Even if I have been critical of the Chinese government concerning their attitude to bitcoin but this is not something China does not have monopoly over because its gradually the same thing in all the countries. One thing that we need to understand is that every country will adopt any technology in its financial industry so far its still keep the AUTHORITY OF THE STATE no matter how insane that technology is.

Over here, mobile payments is even more pronounced than credit cards of a thing because we actually moved passed credit card era. Now you can do practically everything via your mobile phone and now we are now going cardless to withdraw from the ATMs but would not adopt bitcoin that gives the freedom.

The quoted part of your message is something that can only remain a myth and not a prayer because it will never get answered. Several things will or might happen to bitcoin in the path to development and acceptance but this your prayer is not going to be one of them. Transactions will get faster, price will go up and down, fees will go lower, mining will be disrupted and a lot of that but government removing its eyes from bitcoin is never going to happen.

The war of bitcoin had begun long before a lot of us even know about bitcoin but this time, they are unleashing every weapon in their arsenal which is dealing the blow but our hope is that, its not going to last long because bitcoin will always recover and that is largely due to our very own resolution to making this happen.

That is the irony about the life of every player in the crypto world at one hour it seems you are on your way to riches, you start calculating and projecting how richer you would be if the price should just touch this preferred point of price and the next moment you are looking for ways to hide or find something to absorb your losses while all of the dreams you have in the previous scenario is being wiped out in your very own eyes without anything you can do about it.

The truth is inspite all the red galore we are seeing, it still create an opportunity for some people to win at the end but only the courageous and the lion hearted players of the majority can hold that position and that is the reason why any time there are situations like this, a lot of people blame the imaginary whales because they are those that can take the risk which makes them super richer after the whole red is turning blue.

All of what is in that article are something that even if you only visit the forum to read, by default you come across those topics and point of reasoning to promote the knowledge and popularity of bitcoin. But unfortunately, the people in the corridors of power don't see it that way and that is why they continue to wage a massive war against it. However, the onus to propagate is on us in the face of adversity and some negative attacks, at the end and hopefully, bitcoin could come out triumph.

That is what every thing will still resort to but what is surprising to me is that a lot of other countries that are banning bitcoin following China's footstep without even considering their own economic needs or whether the potentials that bitcoin will bring in terms of revenue generation in form of taxes and most importantly whether they have have the technological and human capital to enforce the rule of ban. In some countries today, its a criminal offence to take alcohol, to visit the brothel, to gamble, to eat some pork, to watch porn, engage in the use of weed and concaine etc but with all of those, there are multi billion dollars companies running underground and this is the point where they are pushing bitcoin to eventually.

First thing first, all fiat will not be converted into bitcoin if every parties that would be involved I.e every class of the society whether rich or poor, old or young, male or female, students or lecturers have been well represented and that is why when a new way of doing things is rolled out, there is always a pilot study.

That being said, eventually when its fully rolled out, beggar the say, does not have a choice which means if he wants to continue to receive alms, he then needs to upgrade to the level of those who are giving him or else he loses out. And thankfully for him, the knowledge that would be needed is basic as he only needs to place a bar code beside him then we all scan and pay him thereafter he does something to buy.

The basis of any county's grouse or war against bitcoin is not only because of those negative things they ascribe to it but largely because of their economic ideology. In all the countries that discussion about bitcoin is being done some are quick to make a decision to go the direction of banning it even without giving room for further discussion while the other countries are still doing open hearing, setting up committees at the level of the Central Banks, drafting a bill, asking for KYCs etc. If we all look very well the countries that took the aggressive part have something to do with not practising huge percentage of capitalism compared to those who are still discussing and China and all of those other countries are very much guilty of this.

The war is getting real at this time just like I predicted and the effect is just something I cannot phantom how damaging its going to be. From my point of view, I think its a form of coordinated attack because they have realised that one country making the statement of banning bitcoin, is not achieving the desired effect they had earlier envisaged so they decide to do it in unison.

Ascribing the entire market to the whales and global traders is really not right because if the war is fully blown, even the whales will have to go underground because they also come from a particular country. Also, if the whales remain unperturbed, they cannot force other participants and without those little unit holders spread across the world in the market, there is really no market at all.

This is actually something of concern, but I still feel things like this had already been made provision for in the original plan of bitcoin and that is why anytime discussion like this came up, I am not bothered. And also, assuming that 1-2 million coins will be lost forever in the next 10 years will be grossly inadequate because as much the difficulty in getting one bitcoin increases, the less likely that bitcoin will be lost.

Aside that, suggesting that bitcoin should go back to the miners after certain years would also be wrong because using that as a measure of forever is inadequate because there are possibility such coins are eventually discovered. Now imagined that I made an investment in bitcoin and forget about because I thought I lost the document to claim it but after 10 years I got only to discover its no longer there, that would be disappointment of the century as we have seen cases of people keeping their coins for as much as 5 years or more.

That is exactly my position when I read about KFC implementing the use of bitcoin and accepting it for payment because people in the crypto world are only seeing bitcoin as a store of value and they would prefer to convert to fiat, meet their need than to pay directly with bitcoin because as humans you get the feeling that the you would have gained more if you had not spend this money on that pizza or that chicken and the rice or burger that KFC is offering. The same thing is applicable to open Bazar a nice business that wants to make things available for every one but the market is not yet ready for it.

I would not say its a failure rather I would say the majority of the market participants have their attention into somewhere else and at the time they are ready, the business will be one that we would come to recognise as an ingenious development.

From what I read, there is no much difference of what is currently available that we have here. In the case of IBO, what it simply means is that instead of hiring a developer to be paid with either fiat or btc, you pay with that coins you are promoting so what you get is human services. But its no different because now, quite a number of ICOs will offer their coins in payment of services received. The campaign managers, the signature advertisers, Facebook and Twitter campaigns, language translators etc. they all get paid using the currency.

What I see here is just an avenue currently developed to make it seems new, but I don't see more developers using that option because

1. A lot of developers wants what they can quickly convert to fiat or btc and pay people as the need arises and

2. A lot of bounty hunters are not even interested in the project rather what they can convert immediately and if a developer is insisting on his own coins, he might not get the required audience.

3. A lot of investors have no specific skills to offer the project just their funds and for them to get returns on investment.

I agree with this completely. The abundance of all these forks is just creating a confusion here and there and distort established services like this. Sooner or later you start seeing request of when ChipMixer will support a particular fork and the question is, how many times in a month do you want to do that?. In the long run we might not even know which one is the right bitcoin and people would not even need to work or trade to even make extra effort to earn bitcoin via what they do, all that is needed is just to keep tab of recent forks and claim my free money.

I think its high time service providers took a definite stance on this.

Welcome to the world of crypto where anonymity is sacred especially when it comes to gambling. Its not a fiat gambling site where you fill your details and even next of kin details in case something happen to you. Here the individual is who is important and no one else.

In the case of death, its the same thing as someone dying with a sizeable amount of bitcoin in his wallet no matter how big it worth, if he unfortunately did not tell anyone his password, wallet keys etc. its simply the case of a hen faced with a bottle full of grains. Without those things, it will be there forever.